Bajaj Auto has unveiled the much awaited four-wheeler today (3rd January 2012) in New Delhi. It will be sold as "RE60" and initially it will be available in only petrol, CNG variant will be launched later. The company has not revealed complete specifications of RE60. It will be powered by a 4 valve DTSi engine which is expected to generate maximum power of around 20 bhp. It will be available in two seating options: 2+2 and 1+3. The top speed of RE60 is 70 kph and the company claimed mileage is 35 kmpl!! Thanks to light weight and robust monocoque metal-polymer hybrid structure. Rajeev Bajaj cleared the fact that RE60 is not meant for inter city travel. He clearly said that the car is being presented as an optimized solution for ‘intra-city passenger transport’. “This vehicle has been designed for intra-city use keeping in mind intra-city cycles and safety requirements.” He added.